Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The April 3 0 bank statement for Trimble Corporation shows an ending balance of $ 3 7 , 6 2 6 . The unadjusted cash

The April 30 bank statement for Trimble Corporation shows an ending balance of $37,626. The unadjusted cash account balance was $31,350. The accountant for Trimble gathered the following information:
There was a deposit in transit for $4,860.
The bank statement reports a service charge of $114.
A credit memo included in the bank statement shows interest earned of $495.
Outstanding checks totaled $12,525.
The bank statement included a $1,770 NSF check deposited in April.
What is the true cash balance as of April 30?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Construction Guide Accounting And Knowledge Based Audits

Authors: CPA Eric P. Wallace

1st Edition

0808020870, 978-0808020875

More Books

Students also viewed these Accounting questions

Question

Do not say anything that will place further blame on the reader.

Answered: 1 week ago